Former vice president Chung Mong-joon will run for the FIFA presidency in 2016, stating his intention to change soccer's governing body in four years.

Elections to replace outgoing president Sepp Blatter will take place in February after Blatter confirmed his intention to step down in June following the damaging corruption scandal that has engulfed the organization.

Blatter was re-elected for a fifth term when the crisis was unfolding but later confirmed a new president would be elected at an extraordinary congress in February.

UEFA president Michel Platini has stated his intention to run for the office, while fellow former football icon Zico and Liberia FA chairman Musa Bility will pursue the position as well.

Chung, a wealthy South Korean businessman, has now joined the race as well.

"FIFA is undergoing a profound crisis," he said at a news conference in Paris on Monday. "Under these circumstances, the FIFA president must be a crisis manager and a reformer. FIFA needs a leader who can bring back common sense, transparency and accountability. 

"For any successful organization to be free of corruption, it needs periodic change of leadership. Absolute power corrupts absolutely. Organizations begin to corrupt when the leader thinks he is indispensable. If I'm elected, I will serve one term of four years. I can change FIFA in four years — this is my pledge to all football fans in the world."